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Where can I learn more about Price Action like those in James16 charts? 9 replies

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james16 Chart Thread

  • #67,121
  • Jun 23, 2010 7:31am Jun 23, 2010 7:31am
Quoting proletary
... I can't find it in the FF calendar.
...
it's in the FF calendar.
that is, depending on your time settings.
u can customize using the time & date options. u can see this link when u hover your mouse at the current time(within the FF calendar, the current time is located right at the top).
remember, the settings may differ if u are viewing the calendar as a guest or as an FF member.(u can customize the settings as a guest &/or as an FF member)
  • #67,122
  • Jun 23, 2010 7:49am Jun 23, 2010 7:49am
Quoting Possmer
So, just clarify - I'm in the early stages of the 3 month demo.

My strategy thus far has been to take all "decent" looking PBs on the daily....
Hi Possmer,

I have also started trading on demo account. However, as I do not find or "see' any good setups in the daily / weekly charts using the J16 method, I succumbed to the pressure of trading some other methods and lost some demo money. Now I am again trying to learn the game of patience and wait for the A to A+ set ups. There were some good setups that I missed as I am not in front of the PC for the full day. Life must go on Trading or no Trading.

BTW were all the setups that you traded yesterday based on the J16 method.

Cheers
Novice 198
  • #67,123
  • Jun 23, 2010 8:14am Jun 23, 2010 8:14am
  •  kk21
  • | Joined Sep 2009 | Status: ...the innocent bystander | 45 Posts
(.......For those of you who are intimidated by the 66,000 posts, here's a shortcut that I used. I read all of the posts on Page 1, and all of James16 posts. Then I read all of mbqb11's and Jaroo's posts.

Additionally, it was helpful to read all of James16, Jaroo's, Mbqb11's, and others posts all at once,....)



hello location,

how were you able to 'sieve out' just their posts?

sorry, i am behind, so going thru backlog of the past two weeks post;
just reaching yours now.

tnx in advancehttp://cdn.forexfactory.com/images/icons/icon7.gif
  • #67,124
  • Jun 23, 2010 8:27am Jun 23, 2010 8:27am
Quoting novice198
Hi Possmer,

I have also started trading on demo account. However, as I do not find or "see' any good setups in the daily / weekly charts using the J16 method, I succumbed to the pressure of trading some other methods and lost some demo money. Now I am again trying to learn the game of patience and wait for the A to A+ set ups. There were some good setups that I missed as I am not in front of the PC for the full day. Life must go on Trading or no Trading.

BTW were all the setups that you traded yesterday based on the J16 method.

Cheers
Novice...
This is precisely why staying on the higher time frames early on in your career is like doing the biggest favor to yourself ever.

The patience that you get used to while waiting and waiting for a trade to appear, then materialize and finally give you profit is probably the best weapon that you will possess in the "you against the market" battle.

A lot of ppl who let their ego drive them will try to be the hero and show how it can be done starting off trying to scrapp large parts of the intra day market for big money. It's when they get to face this straight forward truth to practice on higher time frames delivered by the person who's been doing this for over 20 years that they realize just how stupid they were to let their ego and over confidence crowd out their "common sense"

A small part of such people who will actually make it to the long term regret when they get their for letting emotions and ego stretch their learning curves to an undesirable length. I belong to this group. Not that I am a "pro" trader with all the consistency in the world but that I finally see the light glowing at the end of the tunnel and when I look back I get heartbroken to see how I let myself get in the way of achieving this whole thing a long time back. Reminds me of the wise words of James16 "All that's between you and success in this business is what's between your ears"

Listen to the seniors here guys, can't emphasize on that enough.

g.
I believe . . .
  • #67,125
  • Jun 23, 2010 8:33am Jun 23, 2010 8:33am
I hate it when I have seen a decent setup and can't watch it develop because I have to work for the man.

It's difficult cause I can't kill it if it doesn't work and/or if it does...can move my stop to BE ....it's tough....frustrating
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  • #67,126
  • Jun 23, 2010 8:42am Jun 23, 2010 8:42am
Quoting kk21
....
hello location,
how were you able to 'sieve out' just their posts?
...
Hello kk21,
u can simply click on the 'number of posts' link of each member. it is found on every post.
or u can go to a member's profile. it is also there.

a few members like Cyrus has made a compilation of posts by specific members
read this, & latest compilation here
  • #67,127
  • Jun 23, 2010 8:47am Jun 23, 2010 8:47am
Fxturn or anyone else having it,
Can you pls kindly post this your composite macd/rsi indicator? I need it.
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  • #67,128
  • Jun 23, 2010 9:11am Jun 23, 2010 9:11am
Quoting supremeChaos
thanks for the reminder, Cornholio
Inserted Video


If you don't risk, you don't ever have to lose.
  • #67,129
  • Jun 23, 2010 9:24am Jun 23, 2010 9:24am
Anyone shorting USD/CAD? Price has reached bearish TL at swing high with nice IB on H1. Price could be returning to the bearish trend.
  • #67,130
  • Jun 23, 2010 9:36am Jun 23, 2010 9:36am
Quoting jeffokes
Fxturn or anyone else having it,
Can you pls kindly post this your composite macd/rsi indicator? I need it.
Here you go.
Attached File(s)
File Type: tpl macdrsi.tpl   36 KB | 575 downloads


It's a template from my MT4. Actually you can manually create it by dragging the RSI into the MACD.
  • #67,131
  • Jun 23, 2010 9:39am Jun 23, 2010 9:39am
Quoting fxeturn
Anyone shorting USD/CAD? Price has reached bearish TL at swing high with nice IB on H1. Price could be returning to the bearish trend.
Just be careful here FX price has been on a rocketship CAD getting hammered so you don't want to get in front of that with very good reason

Mike
  • #67,132
  • Jun 23, 2010 9:45am Jun 23, 2010 9:45am
Quoting mbqb11
Just be careful here FX price has been on a rocketship CAD getting hammered so you don't want to get in front of that with very good reason

Mike
Will do sir. Just watching it closely.
  • #67,133
  • Jun 23, 2010 9:50am Jun 23, 2010 9:50am
Quoting mbqb11
Just be careful here FX price has been on a rocketship CAD getting hammered so you don't want to get in front of that with very good reason

Mike
Funnymentals aren't exactly favoring this either as the Fed could announce further easing and we got some pretty poor figures from Canada.

Have a look at the weekly, though. The week is still only halfway through, but there is a possibility that we're going to have a BEOB on the W1. Also, have a look at the monthly and you'll see a nice pin down there in the month of April.
If you don't risk, you don't ever have to lose.
  • #67,134
  • Jun 23, 2010 9:51am Jun 23, 2010 9:51am
Quoting fxeturn
Anyone shorting USD/CAD? Price has reached bearish TL at swing high with nice IB on H1. Price could be returning to the bearish trend.
Hi fxeturn,
Apa khabar?
I'm not sure if this is the 'right' way of analysing this but I would be looking for PA in the yellow ellipse area to pave the road. Downtrend TL and Daily PPZ in pink would be the boundaries for PA.

CY
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  • #67,135
  • Jun 23, 2010 10:04am Jun 23, 2010 10:04am
What was I thinking? Easing by the Fed would make the UC fall. Dumb ol' me. Just be sure not to (day)trade around 1 hour and 12 minutes from now.
If you don't risk, you don't ever have to lose.
  • #67,136
  • Jun 23, 2010 10:28am Jun 23, 2010 10:28am
These are the weekly charts, daily and 4H
seems to me to see the pair rejected by 10450
I think it's a good ppz ... even if the candle closes in 34 minutes
what do you think?
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  • #67,137
  • Jun 23, 2010 11:06am Jun 23, 2010 11:06am
Quoting joelcf
Let me preface this with a disclaimer: Reading back, sometimes my combination of brevity and charming personality comes off like a cranky old man on the porch, ranting at kids on my lawn... so I apologise if I did. I wasnt trying to be a jerk or anything It's just a topic that comes up at least once a month in here, so I figured a longer answer was in order.



It isnt really that you shouldnt bother, it is just that I dont really see any particular one being 'best'. Arguments can be made for/against any, but - in my view anyways - as long...
Excellent response!!!! (for a cranky old man on the porch)

No seriously this is a top response thank-you for your time.
  • #67,138
  • Jun 23, 2010 11:12am Jun 23, 2010 11:12am
Quoting extraneo
These are the weekly charts, daily and 4H
seems to me to see the pair rejected by 10450
I think it's a good ppz ... even if the candle closes in 34 minutes
what do you think?
Indeed. I can't say much about the H4, my time is off so I don't have a pin there. Nevertheless, the weekly and monthly look very bullish to me. I don't want to go lower than the weekly on this pair, though. I'd like to keep my focus on the weekly right now. This may be slow, but I haven't done this before, so I want to try it - for me, this involved not peeking at lower tfs. Jim keeps emphasizing how important it is to test yourself on the higher timeframes, so that's what I'm doing on UC.
If you don't risk, you don't ever have to lose.
  • #67,139
  • Jun 23, 2010 11:29am Jun 23, 2010 11:29am
Stop loss was moved to break even this afternoon and I have now exited for 1.75r winner.




Quoting fxprocessor
USDJPY inside bar short.

Price has broken through a 62 fib and broken the bottom of a BUOB....
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  • #67,140
  • Jun 23, 2010 12:02pm Jun 23, 2010 12:02pm
I'm watching gold for some low time frame pa around the trendline.

Daily gave a sweet beob which broke low. Now we are retesting this trendline....
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